Audit & Assurance for Nonprofits
Audit and assurance services help nonprofit organizations meet funding requirements, strengthen financial transparency, and provide the appropriate level of independent oversight through audits, reviews, or compilations. Molinari Oswald delivers CPA-led nonprofit assurance services for organizations across Bethlehem, Allentown, Easton, Whitehall, Center Valley, Emmaus, Nazareth, the greater Lehigh Valley, the Mid-Atlantic, and nationwide.
Independent Assurance That Strengthens Transparency, Compliance, and Stakeholder Confidence
Nonprofit organizations are often required to provide independent financial assurance to funders, regulators, boards, and other stakeholders. Audits, reviews, and compilations help demonstrate transparency, strengthen governance, and support responsible stewardship of charitable resources.
Molinari Oswald provides CPA-led audit and assurance services for nonprofit organizations based in Bethlehem, Allentown, Easton, Whitehall, Center Valley, Emmaus, Nazareth, and the Lehigh Valley across Lehigh and Northampton counties, as well as Bucks County, Montgomery County, and Berks County, throughout the Mid-Atlantic (Pennsylvania, New Jersey, Delaware, and Maryland), and nationwide. Our nonprofit assurance services are performed in accordance with applicable professional standards and tailored to your organization’s size, funding structure, and reporting requirements.
Understanding Audit & Assurance for Nonprofits
Audit and assurance services provide varying levels of confidence in a nonprofit’s financial statements. The appropriate level depends on donor requirements, grant agreements, regulatory obligations, and governance needs.
We work closely with nonprofit leadership to help determine the right level of assurance while ensuring accuracy, clarity, and compliance.
Nonprofit Audit & Assurance Services We Provide
Financial Statement Audits
Audits provide the highest level of assurance and are often required by government agencies, foundations, or lenders.
Our nonprofit audit services include:
- Independent examination of financial statements
- Assessment of internal controls and reporting processes
- Verification of compliance with applicable accounting standards
- Clear audit opinions suitable for third-party review
Financial Statement Reviews
Reviews provide limited assurance and are appropriate when full audits are not required but stakeholders still expect independent oversight.
Review services include:
- Analytical procedures and inquiry
- Evaluation of financial presentation
- Identification of material inconsistencies
- Reports suitable for boards and funders with moderate requirements
Financial Statement Compilations
Compilations involve preparing financial statements based on information provided by the organization without providing assurance.
Compilation services are commonly used for:
- Internal reporting
- Smaller organizations
- Organizations without external assurance requirements
Supporting Grant, Funding, and Regulatory Requirements
Many nonprofits require assurance services to:
- Meet grant or funding conditions
- Comply with state charitable registration rules
- Satisfy board or governance requirements
- Support mergers, restructuring, or major initiatives
Our team ensures your financial statements meet applicable standards and are prepared for external review with confidence.
What to Expect From Our Audit & Assurance Process
How Audit & Assurance Fits Within Your Nonprofit’s Financial Structure
Audit and assurance services are most effective when supported by:
- Consistent nonprofit accounting practices
- Clear governance documentation
- Reliable financial reporting processes
We coordinate seamlessly with your internal team or related nonprofit services, including accounting support, Form 990 preparation, and advisory services, when appropriate.
Why Nonprofits Choose Molinari Oswald for Audit & Assurance
Nonprofit organizations partner with Molinari Oswald because we offer:
- CPA-led nonprofit assurance expertise
- Experience with organizations of varying size and complexity
- Strong understanding of nonprofit accounting standards
- Clear communication with boards and leadership
- Local insight with Mid-Atlantic and nationwide reach
Our approach balances professional rigor with practical guidance.
Get Trusted Nonprofit Audit & Assurance Support
If your organization requires an audit, review, or compilation, our nonprofit assurance professionals are here to help.
Speak with a CPA about your assurance requirements, timelines, and reporting obligations.
Frequently Asked Questions
What is the difference between an audit, review, and compilation?
An audit provides the highest level of assurance, a review provides limited assurance, and a compilation involves preparing financial statements without providing assurance.
Are nonprofit audits required by law?
Audits are not always legally required, but they are often mandated by grantors, funders, lenders, or state regulations depending on funding levels.
How do we know which level of assurance our nonprofit needs?
The appropriate level depends on grant requirements, donor expectations, regulatory obligations, and board governance needs. We help organizations determine the right fit.
Do you work with nonprofits outside of Center Valley and the Lehigh Valley?
Yes. We serve nonprofits in Center Valley, Allentown, Bethlehem, Easton, Whitehall, and the Lehigh Valley, across the Mid-Atlantic (PA, NJ, DE, MD), and nationwide through secure remote collaboration.
Can you help prepare our organization for an upcoming audit?
Yes. We can help identify documentation needs, review internal controls, and address reporting gaps prior to an audit engagement.
Will an audit include a review of internal controls?
Yes. Audits include an evaluation of internal controls relevant to financial reporting.
Can you work with our board or audit committee?
Yes. We regularly communicate with boards and audit committees to explain findings, requirements, and reporting outcomes.
How do we get started with audit or assurance services?
Start with a consultation to discuss your organization’s requirements, timelines, and reporting needs. We then define scope and next steps.
